Decline due to lower volumes and selling prices
Oman Cement has said its profit for the nine months ending September 30 fell 3.7 per cent to OR18m ($47m) from OR19.095m over the same period last year, Oman Daily Observer has reported. The decline was mainly due to lower volumes, reduction in the selling price, and introduction of slab-wise discount schemes, chairman Abdullah Abbas Ahmed said. Sales figures during the period stood at 1.335 million tonnes against 1.7 million tonnes recorded during the corresponding period of 2009.
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